A company started the year with $200 of supplies. During the year the company purchased additional supplies costing $1,200. There were $800 of supplies on hand at the end of the year. An adjusted trial balance prepared at the end of the accounting period will show the following balance in Supplies: a.$1,400 b.$800 c.$600 d.$0
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company started the year with $200 of supplies. During the year the company purchased additional supplies costing $1,200. There were $800 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A benchmark index has three stocks priced at $37, $60, and $70. The number of outstanding shares for each is 420,000 shares, 545,000 shares, and 693,000 shares, respectively.
Answers (1)
At Dreher Products, management establishes monthly goals for its manufacturing teams but team members are free to determine work assignments, schedules, and evaluation parameters. Which component of job enrichment theory does this best reflect?
Answers (1)
Hitzu Co. sold a copier (that costs $7,500) for $15,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 5% of dollar sales.
Answers (1)
3. Tailor your business to aim your product or service at a certain group of customers, who are called the A. demographic grouping. B. primary target market. C. research base. D. focus group.
Answers (2)
Although the courts seldom consider the adequacy of consideration, they may refuse to enforce an agreement which purports to exchange something of significant value for something of nominal value (sometimes called "a peppercorn").
Answers (1)
New Questions in Business
Suppose the cost of pumping oil increases. How will this affect the demand for oil and gasoline (which comes from oil) ? a. Demand will increase. b. Demand will decrease. c. Demand will not necessarily change.
Answers (1)
In Lima one worker can produce either 33 bushels of corn of 6 pounds of tomatoes in one day. In Puma one worker can produce either 103 bushels of corn or 14 pounds of tomatoes in one day.
Answers (1)
On january 1, 2013, celtic surf, inc. has beginning inventory of 2,000 surfboards. celtic estimates it will sell 5,000 units during the first quarter of 2013 with a 14% increase in sales each quarter.
Answers (1)
Dunder Mifflin Inc. is considering implementing employee ethics training programs. Some members of senior management are opposed to these programs. Their opposition is most likely based on which of the following beliefs?
Answers (1)
The expense recognition (matching) principle, as applied to bad debts, requires: Multiple Choice That bad debts not be written off. That bad debts be disclosed in the financial statements.
Answers (2)